What are the most effective market research practices for luxury products?
Market research is crucial for any product design, but especially for luxury products that target a niche and discerning audience. Luxury products have to balance exclusivity, quality, innovation, and emotional appeal, while also meeting the expectations and needs of their customers. In this article, you will learn about the most effective market research practices for luxury products, and how they can help you create a product that stands out and sells.